Altarum Institute has joined healthcare innovation firm Hashed Health’s work group to advance payment solutions using blockchain and distributed ledger technologies.

Under the agreement, Altarum will partner with Hashed to continue work on building distributed networks to drive alternative payment models and models that connect payment with benefit design.

“The addition of The Altarum Institute to our community brings Hashed together with one of the world’s thought-leaders in payment innovation and sustainable health spending,” said John Bass, CEO of Hashed Health. “Our combined expertise will play an important role in advancing new, sustainable payment and benefit solutions in healthcare.”

François de Brantes, vice president and director of Altarum’s Center for Payment Innovation, added: “There are operational roadblocks to implementing health care payment and benefits models, which can be overcome with blockchain technology. We are excited that by collaborating with Hashed Health we can imagine, develop and bring groundbreaking solutions to market and propel the implementation of alternative payment models far further than they otherwise could.”

Altarum joins the growing global network of partners which is quickly becoming an innovation hub for collaborative networks in healthcare using distributed ledger technologies.